Financial Engines Advisors L.L.C. purchased a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 26,024 shares of the chip maker's stock, valued at approximately $522,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its stake in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after acquiring an additional 7,207,785 shares in the last quarter. Vanguard Group Inc. boosted its stake in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Finally, State Street Corp increased its holdings in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on INTC. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, UBS Group decreased their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus price target of $27.04.
View Our Latest Stock Analysis on INTC
Intel Stock Performance
Shares of INTC remained flat at $22.71 during mid-day trading on Monday. 65,702,100 shares of the stock were exchanged, compared to its average volume of 74,617,000. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The firm has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. The stock's 50 day moving average price is $22.35 and its two-hundred day moving average price is $22.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.
Intel Profile
(
Free Report)
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
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